Latin America Renewable Energy Market Report and Forecast 2020-2025

The Latin America renewable energy market is driven by the stable growth in hydro and biomass energy in the region. Latin America also receives excellent solar radiation, along with offering lower solar project costs as compared to the other areas due to the domestically available solar technologies, making it an extremely attractive investment. Many countries, including Brazil, Chile, Peru, and Uruguay, are investing in wind capacity to extend their energy portfolio. The growing awareness among the masses about the environmental issues inflicted by the consumption of conventional energy, including coal, fossil fuel, and others, has increased the preference for renewable energy projects.